Advanced Energy Industries (AEIS) Scheduled to Post Quarterly Earnings on Wednesday

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) will release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Advanced Energy Industries to post earnings of $0.92 per share for the quarter. Advanced Energy Industries has set its Q3 guidance at $0.65-1.15 EPS and its Q3 2024 guidance at 0.650-1.150 EPS.Investors interested in registering for the company's conference call can do so using this link.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.14. The firm had revenue of $364.95 million for the quarter, compared to analysts' expectations of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The business's quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 earnings per share. On average, analysts expect Advanced Energy Industries to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Advanced Energy Industries Price Performance

NASDAQ:AEIS traded down $0.71 during trading hours on Wednesday, hitting $106.00. 140,425 shares of the company's stock traded hands, compared to its average volume of 210,420. Advanced Energy Industries has a 52 week low of $81.86 and a 52 week high of $119.75. The business's fifty day simple moving average is $103.94 and its two-hundred day simple moving average is $104.36. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. The firm has a market cap of $3.97 billion, a P/E ratio of 38.97, a P/E/G ratio of 5.41 and a beta of 1.49.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Monday, August 26th. Advanced Energy Industries's payout ratio is 14.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AEIS shares. Baird R W upgraded shares of Advanced Energy Industries to a "strong-buy" rating in a research report on Friday, September 20th. Wells Fargo & Company cut their target price on shares of Advanced Energy Industries from $103.00 to $98.00 and set an "equal weight" rating for the company in a research report on Thursday, October 3rd. Robert W. Baird assumed coverage on Advanced Energy Industries in a research report on Friday, September 20th. They set an "outperform" rating and a $128.00 price target on the stock. Stifel Nicolaus started coverage on Advanced Energy Industries in a report on Thursday, August 15th. They set a "buy" rating and a $135.00 price objective on the stock. Finally, StockNews.com lowered Advanced Energy Industries from a "hold" rating to a "sell" rating in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Energy Industries presently has an average rating of "Hold" and an average target price of $113.11.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.